The client came to us with the requirement of planning for, and implementing, the integration of five asset management businesses into five of its own existing operations, which included the integration of people, technology, assets, processes and geographical location, while ensuring compliance with regulatory requirements and competition law.
We assisted the client with the integration of the five businesses, from pre-signing through to the effective date of the transaction. We provided internal and external communication support, ran the integration management office, and all associated governance processes. This included reporting to the Steering Committee, maintenance of risk and decision logs, assisting with the completion of integration planning and implementation deliverables, and providing guidance and support in identifying value creation opportunities.
The successful integration of the businesses resulted in the formation of one of the largest black-owned asset managers in South Africa, with a combined assets under management and administration in excess of R1tn.
